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2023 - 2023-09-25
Tanzania- Withholding taxes on E- Filing System
Advancement of technology has transformed the world such that certain tasks have become simpler and easier. This revolution has resulted into TRA to reform the conventional way of receiving WHT submission to an online revenue gateway system.
Read more2023 - 2023-06-16
Tax Alert: National Budget Statement Synopsis 2023 /2024
The Cabinet Secretary (CS) for The National Treasury and Economic Planning presented his Budget Statement for the financial year 2023/2024 on the 15 June 2023.
Read more2023 - 2023-06-15
Tax Alert: Finance Bill, 2023
The Finance Bill, 2023 (“the Bill”) was published on 28th April 2023 and has already been
referred to the Departmental Committee on Finance and Planning of the National Assembly for consideration and reporting to the House. The National Assembly has invited the public and relevant stakeholders to submit their comments on the Bill by 20th May 2023
2022 - 2022-12-13
Rwanda Income Tax Alert November 2022
The new income tax law is officially known as the Law No. 027/2022 of 20/10/2022 Establishing.Taxes on Income was published in the official gazette on 28 October 2022 and came into force on the same day.
Read more2022 -2022-06-15
PKF Tanzania Budget Brief 2022-2023
Tanzania Government budget for the fiscal year 2022-2023 was read on Tuesday, 14 June 2022. The budget has been set at Tshs. 41.48 Trillion Which is a 14% increase from the prior year’s TShs 36.34 Trillion budget which was later on revised to TShs 37.98 Trillion in March 2022 due to a loan from IMF.
Read more2022 -2022-06-15
Disclosure of Beneficial Owners Tanzania - Extension of Submission
Six Months Extension of Submission of Beneficial Owners Information.
Read more2022 -2022-06-15
Withholding Taxes on E-filling systems
The advancement of technology has transformed the world such that certain tasks have become simpler and easier. This revolution has resulted in TRA reforming the convention way of receiving WHT submission to an online revenue gateway system.
This article outlines the guidelines and steps for filling withholding takes and generating WHT certificates online.
Read more2022 -2022-06-13
Tanzania- Foreign Exchange Regulations, 2022.
In safeguarding and controlling forex transactions in Tanzania, the Bank of Tanzania (BOT) has published new regulations to regulate foreign exchange in Tanzania.
Read more2022 -2022-06-13
Tax Law Update-Misc. Amendments No. 6 of 2021
In December 2021, Tanzania enacted the Written Laws (Miscellaneous Amendments) (No. 6) Act, 2021 which is effective from 17 December 2021.
Read more2022 -2022-06-13
Tanzania- Transfer Pricing
Transfer pricing (TP) is the practice of setting the price of goods and services for transactions between affiliated organizations, for example, a manufacturer and a distributor owned by the same parent company. The effective management of transfer pricing allows global companies to achieve the best financial outcome possible.
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